Stocks rose sharply on Thursday after the Federal Reserve hinted at possible interest rate cuts as soon as next month.US Marketsread more
The billionaire investor believes the stock market is in a "zone of fair value" at current levels.Marketsread more
The Federal Reserve may be on its way to delivering a half-point interest rate cut next month, according to Goldman Sachs economists.Economyread more
However, Slack chief Stewart Butterfield says, "The broader world of email will stick around."CNBC Disruptor 50read more
Crude oil prices jump on news of the attack, which Iran says happened over its territory.World Politicsread more
Apple is considering moving some production from China as it is expected release of its new iPhone line this fall, The Wall Street Journal reported.Technologyread more
Workplace messaging firm Slack is about to go public in a red-hot IPO market, but it's approach to going public--using a "direct listing"--is slightly different than an IPO.Trader Talk with Bob Pisaniread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
National Securities' Art Hogan sees the U.S.-China trade war as the market's biggest risk – not Fed policy.Trading Nationread more
The Philadelphia Federal Reserve's manufacturing gauge tumbled this month, solidifying the Fed's case for easier monetary policy.Economyread more
Declining traffic to Olive Garden, Darden's top restaurant chain, resulted in weaker-than-expected revenue for its fiscal fourth quarter.Restaurantsread more
Morgan Stanley upgraded Target on Monday, saying it sees improving margins and a more, "balanced," risk/reward for the retail giant. They called Target a "retail survivor," likening it to Walmart, Amazon and Costco.
The firm upgraded the stock to equal-weight from underweight and reiterated its $67 price target.
"First, we think TGT's margin erosion (a core tenet of our prior Underweight view) is likely to moderate in the near-term. We are modeling flattish EBIT margins in 2019, below guidance for ~10 bps expansion yet an improvement from 35 bps decline in 2018," analyst Simeon Gutman said. "Second, we think the risk that TGT misses its margin guide is appropriately reflected in the stock's relatively inexpensive valuation."
Shares of Target rose slightly in premarket trading to $71.05. The retailer, whose shares are up 7% this year, reports earnings on Wednesday.